agency mergers and acquisitions News

How Analytics Technology Can Help Speed Integration Post-Merger Deal

The record number of merger and acquisition (M&A) transactions involving insurance brokers and agents throughout the United States in the past year underscores the imperative for these firms to accelerate growth and compete more effectively. But for brokers and agencies …

Florida’s Gardner Group Merges with Hylant

Hylant, one of the largest privately-owned insurance brokers in the nation, said that The Gardner Group, an independent employee benefits agency based in Neptune Beach, Fla., will be merging into its Jacksonville operations. The newly-merged operation will led by industry …

QBE Selling U.S. Agency Businesses to Alliant for $300M

QBE Insurance Group Ltd. of Australia is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The agencies being bought by Alliant include Community Association Underwriters (CAU), Deep South Insurance …

‘Robust’ Activity Ahead for Agency M&As, Says OPTIS

There were 165 announced merger and acquisition transactions of insurance agencies in the U.S. and Canada in the first six months of 2014, a jump of nearly 40 percent over the same period in 2013. Also, according to an OPTIS …

Broad Insurance Group Buys Florida’s Hartselle Agency

Broad Insurance Group (BIG) said it has acquired Art Hartselle Agency Inc., a Seminole, Fla. based commercial and personal lines property/casualty insurance agency. The company said that Robert Southard, a Florida native and insurance executive, is being brought on as …

All Risks Acquires Sports, Entertainment Broker Alive Risk from NAS

Independent national wholesale broker All Risks Ltd. said it has acquired Alive Risk, a division of California-based NAS Insurance Services that specializes in entertainment, media, special events, film productions and sports accounts. Terms of the transaction were not disclosed. Alive …

THL Private Equity, 2 Beecher Carlson Ex-Execs to Build Distribution Firm

Private equity firm Thomas H. Lee Partners (THL) has teamed with two former Beecher Carlson executives and will invest up to $200 million to build a national insurance distribution firm. Bret Quigley and Adam Meyerowitz and the Boston-based private equity …

How Policies Respond When Buying or Selling an Agency

It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications, systems matters, when a consultant is needed and …

Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners

Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry. …

AssuredPartners Enters West Virginia, Acquiring Commercial Insurance Services

Florida-based AssuredPartners Inc. said it has completed the acquisition of Commercial Insurance Services through its newly formed operation AssuredPartners of West Virginia. Terms were not disclosed. The Commercial Insurance Services transaction marks the first platform acquisition for AssuredPartners in West …